Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending May 16, 2026
Bank Branches, Domestic
Kansas City
Stryv Bank, Wichita, Kansas -- to establish a branch at 3527 North Ridge Road, Wichita, Kansas.
Approved: May 15, 2026
San Francisco
United Business Bank, San Francisco, California -- to establish a branch office at 121 Spear Street, San Francisco, California.
Approved: May 12, 2026
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 427 East Main Street, Montrose, Colorado.
Approved: May 14, 2026
Bank Holding Companies
Cleveland
CSB Financial, Inc., Bethel, Ohio -- to become a bank holding company by acquiring Community Savings Bank, Bethel, Ohio, upon the conversion of Community Savings Bank from mutual to stock form.
Approved: May 15, 2026
New York
Rhinebeck Bancorp, MHC, Poughkeepsie, New York -- to convert from mutual to stock form and, as part of the conversion, to merge with its subsidiary, Rhinebeck Bancorp, Inc., which controls Rhinebeck Bank, both of Poughkeepsie, New York.
Approved: May 12, 2026
Bank Mergers
Kansas City
Armstrong Bank, Muskogee, Oklahoma -- to purchase certain assets and assume certain liabilities of First Guaranty Bank, Hammond, Louisiana, and thereby establish branches.
Approved: May 14, 2026
Bank Premises
Richmond
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
Approved: May 13, 2026
Change in Bank Control
Kansas City
Padgett Agency, Inc., Greenleaf, Kansas -- Brent R. Padgett Irrevocable Trust U.T.A. dated February 27, 2026, Lawrence, Kansas, and its trustee, Brent R. Padgett, Lawrence, Kansas; Melissa R. Padgett Irrevocable Trust U.T.A. dated February 27, 2026, and its trustees Melissa R. Padgett, Lawrence, Kansas, and Gregory Lam, Lawrence, Kansas, to become members of the Padgett Family Control Group, a group acting in concert, to acquire voting shares of Padgett Agency, Inc., and thereby indirectly acquire voting shares of The Citizens National Bank, Greenleaf, Kansas.
Permitted: May 11, 2026
Financial Holding Companies
Atlanta
OptimumBank Holdings, Inc., Fort Lauderdale, Florida -- election to become a financial holding company.
Effective: May 13, 2026
Minneapolis
Luminate Capital Corporation, Minneapolis, Minnesota -- election to become a financial holding company.
Effective: May 13, 2026
Membership
St. Louis
BankPlus, Belzoni, Mississippi -- to become a member of the Federal Reserve System.
Approved: May 13, 2026